UK betting and gaming firm Evoke said today it expects its first-quarter revenue to grow in low-single-digit percentage, lower than its 5%-9% growth expected for the full-year, as measures to reign in gambling-related harm weigh.
Evoke’s brands include William Hill, 888 and Mr Green.
Several markets, including Britain, have been cracking down on betting companies in efforts to reign in gambling-related harm.
In November, the UK government capped the amount gamblers could stake on online slot games, which are associated with large losses, long sessions, and binge play.
Still, Evoke expects first-quarter core profit to rise by £18m to £28m from the previous year period, supported by cost-cutting measures, under which it has identified another £15m to £25m in savings for 2025.
For the year ended December 31, 2024, Evoke reported adjusted core profit of £312.5m, beating analysts’ average estimate of £294m, according to a company-compiled poll.
